FinTech news in 4DX Ventures category

The round of funding is good news for both employees and early backers who took a bet on Wasoko years ago as new investors Tiger Global and Avenir Growth Capital lead its Series B round (the pair also co-led Flutterwave’s Series C investment last March).

So, users from different countries — Ghana, Nigeria and Kenya, for now — can connect their bank or mobile money accounts to Dash, pay bills, and send and receive money to other users while the platform handles currency conversions.

According to him, about 87% of Thndr users invested for the first time through the platform; 40% of its users come from outside of Cairo and Alexandria — rural areas with zero access to financial institutions; and Thndr accounts for 36% of all new registrations in the local Egyptian exchanges in 2021.